Clearsky Rehabilitiation Hospital Of
Harker Heights, Bell County, TX
· CCN 673089
Licensed to Clearsky Rehabilitation Hospital Of Harker Heights Llc
Composite
76.8
rank score
Distress
93
FY2024
Fit
87
vs thesis
Estimated ticket
$6.8M–$27.3M
30 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $6.3M |
| Operating margin | -17.3% |
| Total margin | -17.3% |
| Days cash on hand | 0 |
| Current ratio | 0.62 |
| Occupancy | 59% |
Facility
| Beds | 30 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $228K |
| Per-bed (high) | $910K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 30 | $6.3M | $-1.1M | -17.3% | -17.3% | 0 | 0.62 | 59% | 255 | 93 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Clearsky Health Acquisition Llc | 5% or greater direct ownership interest | 100 | 2021-09 | |
| Clearsky Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-09 | |
| Clearsky Health Intermediate Llc | 5% or greater indirect ownership interest | 100 | 2021-09 | |
| Bw Clearsky Aiv Iv Lp | 5% or greater indirect ownership interest | 45 | 2023-11 | |
| Peloton Clearsky Inc | 5% or greater indirect ownership interest | 45 | 2023-11 | |
| Bw Aiv Iv Direct Feeder Lp | 5% or greater indirect ownership interest | 36 | 2023-11 | |
| Peloton Clearsky Llc | 5% or greater indirect ownership interest | 22 | 2023-11 | |
| Peloton Equity Ii Lp | 5% or greater indirect ownership interest | 22 | 2023-11 | |
| Bw Clearsky Aiv Iv C Corp | 5% or greater indirect ownership interest | 9 | 2023-11 | |
| Bw Clearsky Aiv Iv Indirect Feeder Lp | 5% or greater indirect ownership interest | 9 | 2023-11 | |
| Leavitt Equity Partners Ii Lp | 5% or greater indirect ownership interest | 6 | 2023-11 | |
| Clearsky Employee Holdings-A, Llc | 5% or greater indirect ownership interest | 5 | 2023-11 | |
| Byron Landor | w-2 managing employee | 2023-01 | ||
| Byron Landor | operational/managerial control | 2023-01 | ||
| Claude Brockette | corporate officer | 2021-09 | ||
| Jeremy Kogler | corporate officer | 2021-09 | ||
| Kristi Duncan | corporate officer | 2021-09 | ||
| Michael Warrington | corporate officer | 2024-12 | ||
| Sheryl Gentile | corporate officer | 2021-09 | ||
| Theodore Lundberg | corporate officer | 2021-09 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in TX
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2023-03-01 | Crh Of Temple Llc | Everest Rehabilitation Hospital Temple Llc | Temple Rehabilitation Hospital | 36 |
| 2023-03-01 | Crh Of Longview Llc | Everest Rehabilitation Hospital... | Longview Rehabilitation Hospital | 36 |
| 2021-12-30 | Pam Health Rehabilitation Hospital... | Apollo Rehab Hospital Llc | Pam Health Rehab Hosp Of Sugar Land | 41 |
| 2019-08-01 | Clear Lake Institute For Rehabilitation Llc | Clear Lake Rehabilitation Hospital, Llc | Bay Area Rehab Hospital | 151 |
| 2019-08-01 | Clear Lake Institute For Rehabilitation Llc | Triumph Rehabilitation Hospital Of... | Bay Area Rehab Hospital | 151 |
| 2016-06-01 | Pam Squared At Beaumont Llc | Healthsouth Rehabilitation... | Pam Squared At Beaumont | 61 |